WEBVTT - The Mark Moss Show Oct 10, 2022 0:00:00.120 --> 0:00:03.559 Hello, and welcome to another episode of the Markmas Show 0:00:03.760 --> 0:00:06.840 where we talk about the decentralized Revolution. We talk about 0:00:06.840 --> 0:00:09.959 the way the world is changing as the pendulum swings 0:00:10.000 --> 0:00:13.440 from centralization to decentralization, of course, and we look at 0:00:13.440 --> 0:00:17.200 it through the lens of politics, finance, and technology, which 0:00:17.239 --> 0:00:19.599 are the drivers of changing the world. Of course, the 0:00:19.640 --> 0:00:26.000 technology being bitcoin and the decentralized technology, the crypto, the cryptocurrency, 0:00:26.239 --> 0:00:29.560 the cryptography and those types of tools. Now, um, we 0:00:29.680 --> 0:00:33.000 got a big show today because there is a lot 0:00:33.040 --> 0:00:38.320 of things going on. I want to tackle a big 0:00:38.440 --> 0:00:43.080 subject that is affecting everybody. It's affecting everybody in ways 0:00:43.120 --> 0:00:45.959 they see, but it's also affecting everybody in ways they 0:00:46.080 --> 0:00:51.520 don't see. This is the single most important issue for 0:00:51.680 --> 0:00:56.680 your life, the quality of your life. Um, meaning um, 0:00:56.720 --> 0:00:59.600 you know, the quality of life really comes down to, uh, 0:00:59.640 --> 0:01:03.400 your purchasing power, your ability to get goods and services right. 0:01:03.480 --> 0:01:06.640 So if prices get way too expensive and you can't 0:01:06.760 --> 0:01:09.039 buy the things you've used to been buying instead of 0:01:09.080 --> 0:01:11.720 having steak you have to now eat spam for example, 0:01:12.280 --> 0:01:14.680 the quality of your life went down. Or if you're 0:01:14.720 --> 0:01:16.720 not able to get the goods and services that you want. Right, 0:01:17.440 --> 0:01:20.080 your flights are not running on time, or the stuff 0:01:20.120 --> 0:01:21.840 is not being delivered to the store. Right, those are 0:01:21.840 --> 0:01:25.240 things that bring down the quality of your life. I 0:01:25.280 --> 0:01:28.600 say it over and over, but you don't want money. 0:01:29.000 --> 0:01:30.600 What do you mean, Mark, of course we want money. No, 0:01:30.680 --> 0:01:34.760 you don't. You want the things money buys you. And 0:01:34.840 --> 0:01:38.479 money in your bank is there as a placeholder until 0:01:38.600 --> 0:01:41.199 you're ready to get those things that you want. So 0:01:41.480 --> 0:01:43.759 if you can't get those things that you want, either 0:01:44.000 --> 0:01:46.520 because you can't afford them or to they're not available, 0:01:46.840 --> 0:01:51.160 the quality of your life goes down. Now there's other factors, 0:01:51.160 --> 0:01:55.000 of course, right, like unhappiness and violence and relationships and whatever, 0:01:55.040 --> 0:01:58.080 but we're not going to dive into all that today. 0:01:58.400 --> 0:02:03.360 We're gonna talk about the single most important driver when 0:02:03.360 --> 0:02:05.400 it comes to quality of life, at least in regards 0:02:05.400 --> 0:02:08.400 to your purchasing power getting goods and services things like them, 0:02:08.919 --> 0:02:12.440 UM and And of course we're gonna tie all the 0:02:12.480 --> 0:02:15.400 way back. And part of part of this is UM 0:02:15.440 --> 0:02:17.560 not just because it affects your life in ways that 0:02:17.560 --> 0:02:19.880 you probably don't even see, in invisible ways, but it 0:02:19.960 --> 0:02:23.920 has massive impact. But it's also reshaping the world. And 0:02:23.919 --> 0:02:26.600 there's more than we're gonna cover today, but it's part 0:02:26.600 --> 0:02:28.799 of my big thesis about how the world is going 0:02:28.880 --> 0:02:31.160 to break apart. We're in a unipolar world. We're moving 0:02:31.200 --> 0:02:34.800 to a multipolar world. We're seeing this being exaggerated today 0:02:34.880 --> 0:02:37.720 with you know, Russia and China and Ukraine and a 0:02:37.720 --> 0:02:39.880 new monetary system being created in the bricks nations, in 0:02:39.919 --> 0:02:42.000 the new l b m A, the new London, uh, 0:02:42.040 --> 0:02:45.200 you know, gold market competition, um, you know, shifting to 0:02:45.240 --> 0:02:48.080 other currencies, the bond markets, breaking that sovereign default's like, 0:02:48.200 --> 0:02:52.880 we're seeing all this happen, um, And what we're gonna 0:02:52.880 --> 0:02:58.400 talk about today is actually one of the top couple 0:02:59.040 --> 0:03:01.400 of catalysts that are going to continue to push the 0:03:01.400 --> 0:03:03.840 world apart. It's more than we can cover today, but 0:03:03.840 --> 0:03:05.639 you're gonna you're gonna see that. We're gonna frame it up. 0:03:05.800 --> 0:03:07.200 But I want to talk about it where it's really 0:03:07.280 --> 0:03:09.600 hitting you today. And of course that's in the pocketbook 0:03:09.760 --> 0:03:11.760 and you may not fully understand this, so um, it 0:03:11.800 --> 0:03:13.640 sounds super simple at first, but we're gonna dive in 0:03:13.680 --> 0:03:15.920 deep so you can understand it like we always do. UM, 0:03:15.919 --> 0:03:18.240 so you can understand all the way down at what 0:03:18.320 --> 0:03:20.320 I call first principles or not not I call it. 0:03:20.360 --> 0:03:23.000 That's what it's called first principles, down to the base layer, 0:03:23.040 --> 0:03:25.160 because if you can understand it here, then you can 0:03:25.200 --> 0:03:28.280 start to formulate your own ideas off of it. And um, 0:03:28.320 --> 0:03:30.560 I like to say that almost everything you've learned is 0:03:30.600 --> 0:03:33.840 wrong because they don't teach you what it is you 0:03:33.880 --> 0:03:37.800 really need to know. The media is gaslighting you. It's 0:03:37.840 --> 0:03:41.520 a form of economic I'm not sorry, not economic psychological 0:03:41.560 --> 0:03:44.800 warfare against you. What you see is not really what 0:03:44.880 --> 0:03:47.040 you see. They're lying to you. We're all living a lie. 0:03:47.080 --> 0:03:49.200 We're living a lie more than we ever have before, 0:03:49.200 --> 0:03:53.200 which is why people are rising up and and hungering 0:03:53.320 --> 0:03:56.800 for thirst and third, I'm sorry, hungering and thirsting for truth. 0:03:57.240 --> 0:03:59.480 And we're seeing this super evident just three times in 0:03:59.520 --> 0:04:02.280 the last We talked about it last week, but the 0:04:02.280 --> 0:04:05.400 new PM in Italy Maloney and the speech that she gave, 0:04:05.800 --> 0:04:10.160 and she talked about how fires would be drawn to 0:04:10.160 --> 0:04:12.920 to to proclaim that two plus two weekals for swords 0:04:12.920 --> 0:04:16.400 would be drawn to proclaim that leaves turn green, and 0:04:16.440 --> 0:04:20.160 so that's for truth. President Bukeley and El Salvador put 0:04:20.200 --> 0:04:22.360 this big op ed piece out this week saying it's 0:04:22.400 --> 0:04:25.520 a war on truth. Putin in his big speech he 0:04:25.560 --> 0:04:27.520 gave last week, said it's a war on truth. So 0:04:27.560 --> 0:04:29.559 as as as there is war on truth, we want hunger. 0:04:29.800 --> 0:04:32.760 Are we hunger for for truth? And and let's break 0:04:32.760 --> 0:04:35.440 this down because you are being gas lit. So anyway, 0:04:35.480 --> 0:04:38.320 let's jump into this. So it sounds super simple at first, 0:04:38.360 --> 0:04:43.240 but gas prices, let's start their gas prices. Gas prices 0:04:43.360 --> 0:04:48.719 hit or gas prices break the price they set the 0:04:48.760 --> 0:04:51.880 record price they set in June of this year in Juno. 0:04:52.600 --> 0:04:58.200 So gas prices since Biden was elected in November, um 0:04:58.200 --> 0:05:02.160 in November, when he took office in January, they have 0:05:02.320 --> 0:05:04.800 just continued to escalate. Boom boom, boom, boom boom. I've 0:05:04.800 --> 0:05:06.000 talked about the six sense of the I'm not gonna 0:05:06.040 --> 0:05:07.599 go back all the way through the data. You know. 0:05:07.600 --> 0:05:10.799 Of course, the Biden administration wants to blame this on Putin, 0:05:11.279 --> 0:05:13.760 Putin's war. They call it as a matter of fact, 0:05:14.960 --> 0:05:16.280 I'm gonna I'm gonna come back to this, but a 0:05:16.360 --> 0:05:19.800 quote from Press Secretary Jean Pierre said Putin's war. So 0:05:19.839 --> 0:05:21.680 they're blaming it on Putin's war. But as we've talked 0:05:21.680 --> 0:05:23.400 about extensively. I'm not gonna go back into the data, 0:05:23.440 --> 0:05:27.600 but the price of gas started going up astronomically the 0:05:27.720 --> 0:05:31.400 day he was elected. It started up even faster after 0:05:31.440 --> 0:05:34.799 he took office, and it has continued to accelerate. Um, 0:05:34.800 --> 0:05:40.120 sure it's accelerated some, it's accelerated some since the war started, 0:05:40.160 --> 0:05:43.279 but it really started long before that. The majority of 0:05:43.279 --> 0:05:46.040 the move up started before that. So anyway, gas price 0:05:46.120 --> 0:05:50.000 at record high set in June. Now, if you remember, um, 0:05:50.200 --> 0:05:51.560 there was all these stickers. I don't know if you've 0:05:51.560 --> 0:05:53.159 seen them. There's like stickers on the gas pump. But 0:05:53.320 --> 0:05:56.000 of the of Biden said, I did that right, because 0:05:56.040 --> 0:05:59.160 of course he attacked the energy industry. We're gonna get 0:05:59.160 --> 0:06:02.360 more into that in a minute. But then, uh, you know, 0:06:02.640 --> 0:06:05.080 they said that this was mean and how dare these 0:06:05.080 --> 0:06:07.400 people put these stickers on the gas pumps, saying Biden 0:06:07.400 --> 0:06:11.719 did it? But then he went and took credit for 0:06:11.839 --> 0:06:13.320 the prices come back down. But let's take in this 0:06:13.400 --> 0:06:15.000 for a minute. So I don't know where you're at 0:06:15.000 --> 0:06:16.800 in the country or the world of what your gas 0:06:16.800 --> 0:06:21.240 prices are. Um, in California, they are through the roof. 0:06:21.279 --> 0:06:22.720 As a matter of fact, they hit a record high 0:06:22.760 --> 0:06:26.240 of sixty six in Los Angeles. However, some places in 0:06:26.279 --> 0:06:31.400 Los Angeles or almost eight dollars and fifty cents per gallon, 0:06:32.480 --> 0:06:34.679 eight fifty six per gallon. Now, I know, my wife 0:06:34.720 --> 0:06:37.440 was out in Texas earlier in the week and she 0:06:37.560 --> 0:06:39.480 filled up the car for about just a little over 0:06:39.560 --> 0:06:42.120 three dollars per gallon. It's a pretty big swing from 0:06:42.160 --> 0:06:47.039 three dollars to eight fifty per gallon. Pretty big deal. Um, So, 0:06:47.040 --> 0:06:48.880 I don't know where you're at. But however, wherever you're at, 0:06:49.360 --> 0:06:51.200 they're at. They're at a they're at a record. The 0:06:51.240 --> 0:06:55.320 average price has written risen thirty one consecutive days, going 0:06:55.400 --> 0:06:58.200 up a dollar in twenty two cents. It's a big increase. 0:07:00.360 --> 0:07:04.160 Says that gasoline prices have risen in California over the 0:07:04.200 --> 0:07:07.680 past several weeks despite a gradual decline across the nation 0:07:08.040 --> 0:07:13.200 due to several unique factors, including problems at local refineries. 0:07:13.840 --> 0:07:16.480 California has already paid the highest gas prices in the 0:07:16.560 --> 0:07:20.880 nation due to environmental regulations and taxes, but the number 0:07:20.960 --> 0:07:24.920 of refineries uh and limited to the number of refineries 0:07:25.000 --> 0:07:28.320 thanks to the same regulations. So why are gas prices 0:07:28.400 --> 0:07:32.840 so high in California. It's the government. It's the taxes 0:07:32.880 --> 0:07:35.760 that they levy on them. California is the highest taxes 0:07:35.880 --> 0:07:39.720 on gas anywhere in the nation. And because of the requirements, 0:07:39.800 --> 0:07:42.120 Californias can't use regular gas like the rest of the nation. 0:07:42.160 --> 0:07:44.960 We have to use special gas and it requires extra 0:07:45.160 --> 0:07:48.880 work to produce, extra costs, and and because of that, 0:07:49.240 --> 0:07:50.600 you have to take the oil and it goes through 0:07:50.600 --> 0:07:52.440 a refiner. With refinery it turns the oil into gasoline 0:07:52.440 --> 0:07:54.320 because obviously we can't put oil in our gas inc 0:07:54.680 --> 0:07:56.560 uh and and it has to be turned into gasoline 0:07:56.560 --> 0:08:00.040 through refineries. But California has been shutting down refineries. We 0:08:00.080 --> 0:08:02.960 have less refineries, less less, less, less less, and now 0:08:03.000 --> 0:08:06.560 we only have a few refineries left and turns out 0:08:06.880 --> 0:08:09.000 once in a while, you know, one's got to be 0:08:09.080 --> 0:08:12.520 serviced and things like that. Situations happened where it declines 0:08:12.520 --> 0:08:16.080 its output. And we're very, very susceptible because we've lost 0:08:16.120 --> 0:08:20.240 most of our refineries. Why because of the regulations. So 0:08:20.280 --> 0:08:23.000 that's why gas crisis are so high. It's always the government. Um, 0:08:23.000 --> 0:08:26.040 the free market could figure that out. Um. What Biden did, 0:08:26.200 --> 0:08:28.600 what he said, he took credit for We've talked about 0:08:28.600 --> 0:08:33.199 this before. Was he has been releasing the strategic petroleum reserves. 0:08:33.200 --> 0:08:37.160 That's our oil reserves. So the United States after the seventies, 0:08:37.160 --> 0:08:42.720 we had this uh huge oil crisis um where you 0:08:42.720 --> 0:08:47.080 could only get gas on like odd and even number 0:08:47.160 --> 0:08:49.880 days based off of what your license plate was. UM. 0:08:50.160 --> 0:08:52.959 Massive inflation caused this. And because after that, coming out 0:08:53.000 --> 0:08:55.040 of the end of the eighties, we thought maybe it'd 0:08:55.040 --> 0:08:57.440 be good to like have a stockpile just in case 0:08:57.480 --> 0:08:59.640 we have this. So we'll talk about that more in 0:08:59.679 --> 0:09:02.079 a minute. Were gonna talk about the things that just happened. 0:09:02.160 --> 0:09:05.400 And really the war that the Federal Reserve is waging 0:09:05.440 --> 0:09:08.800 on your retirement account and your real estate and every 0:09:08.800 --> 0:09:12.760 other asset is a war that they can't win. And 0:09:12.800 --> 0:09:16.080 of course, yes, it all comes back to the oil. 0:09:16.679 --> 0:09:18.199 So if you care about your retirement acount, if you 0:09:18.200 --> 0:09:20.199 care about your real estate, if you care about your biitcoin, uh, 0:09:20.200 --> 0:09:22.400 then you care about what the Feds doing with the oil. 0:09:22.440 --> 0:09:24.400 So I'm gonna break all this down as a big show. 0:09:24.559 --> 0:09:25.959 Hopefully I can get through it all. I'm wanna talk 0:09:25.960 --> 0:09:28.560 really quick, do not miss it. I'm gonna take a break, 0:09:28.600 --> 0:09:31.160 I'll be back in a minute. All right, welcome back. 0:09:31.200 --> 0:09:33.480 You are listening to the Mark mo Show. We're talking 0:09:33.480 --> 0:09:36.080 about the decentralized revolution, of course each and every week, 0:09:36.679 --> 0:09:38.599 and we're talking about it today. We're talking about it 0:09:38.640 --> 0:09:41.600 in a little granular detail, but I'm gonna expand on it, 0:09:41.640 --> 0:09:45.200 so you're gonna really understand how it's affecting things today, 0:09:45.520 --> 0:09:47.079 how it's affecting you at the pump, but how it's 0:09:47.120 --> 0:09:50.600 really exaggerating or really the catalyst for continuing to break 0:09:50.600 --> 0:09:53.520 this world apart into this decentralized world that I'm talking about. 0:09:53.559 --> 0:09:58.120 It's my thesis. So we're talking about gas prices record high, 0:09:58.240 --> 0:10:01.680 broke their June record. Um Biden took credit for bringing 0:10:01.720 --> 0:10:04.000 the prices back down. How did he do that? Well, 0:10:04.040 --> 0:10:09.040 he was dumping our strategic petroleum reserves sprs, and so 0:10:09.240 --> 0:10:12.240 I was saying, how, um, we had this massive energy 0:10:12.240 --> 0:10:15.240 crisis in the seventies. Uh, lines for hours. You can 0:10:15.240 --> 0:10:18.319 only get gas every couple of days. Lines stretched out 0:10:18.320 --> 0:10:20.200 for hours and hours and hours. Sometimes you'd wait in 0:10:20.240 --> 0:10:21.760 the line for hours. You couldn't even get gas when 0:10:21.760 --> 0:10:22.880 you got there. You can only get a little bit 0:10:22.880 --> 0:10:25.280 of gas, et cetera. It was a big problem. Massive 0:10:25.320 --> 0:10:28.240 inflation really hurt the economy. So in the eighties we said, well, 0:10:28.280 --> 0:10:31.360 let's let's get these reserves so that you know, we 0:10:31.400 --> 0:10:33.840 have savings, so like in case we have a shortage, 0:10:33.920 --> 0:10:35.439 like we have savings, which is like pretty good. And 0:10:35.480 --> 0:10:37.240 as a matter of fact, I recommend each of you 0:10:37.640 --> 0:10:39.720 have some savings in your bank account. If you don't 0:10:40.080 --> 0:10:42.760 work on it, cut back on your spending. Build up 0:10:42.760 --> 0:10:46.160 those savings because a storm is coming and you're probably 0:10:46.160 --> 0:10:47.880 gonna want to have a little bit of reserves. And 0:10:47.920 --> 0:10:51.840 that's exactly what the oil was. Now Biden wants to 0:10:51.880 --> 0:10:54.120 take credit for bringing down the gas prices, so he's 0:10:54.160 --> 0:10:57.880 been dumping our oil reserves. Our savings are rainy day fund. 0:10:57.880 --> 0:10:59.960 We're not in a rainy day. There's no storm coming, 0:11:00.040 --> 0:11:02.040 there's no emergency. But yeah, they've been dumping in his 0:11:02.080 --> 0:11:04.920 matter of fact, now the spr is at its lowest 0:11:05.040 --> 0:11:08.680 level since the eighties, which is when we started to 0:11:08.840 --> 0:11:12.520 accumulate them. So uh, it's as as we were filling 0:11:12.640 --> 0:11:15.000 those reserves were all the way back to there. Um 0:11:15.240 --> 0:11:18.120 when Trump was president, he wanted to top them off 0:11:18.200 --> 0:11:19.760 so they weren't a hunter percent fold. He wanted to 0:11:19.760 --> 0:11:22.200 top them off um. He had made a deal to 0:11:22.280 --> 0:11:25.000 buy oil for I think twenty twenty or twenty five 0:11:25.000 --> 0:11:27.920 dollars per barrel at that time. Um. And he was 0:11:27.960 --> 0:11:30.640 really trying to uh, this is coming out of the pandemic. 0:11:31.120 --> 0:11:32.640 Um And he was really trying to help the oil 0:11:32.640 --> 0:11:34.760 companies kind of get back on footing. And so he's like, hey, 0:11:34.760 --> 0:11:36.360 we'll just buy you know, we'll top them off at 0:11:36.400 --> 0:11:40.160 twenty bucks barrel. Well, Biden is now wanted to want 0:11:40.240 --> 0:11:42.640 to buy some some oil. We're gonna come back to 0:11:42.640 --> 0:11:43.800 this in a minute, but want to buy some oil 0:11:43.840 --> 0:11:46.079 from OPEC, which is the Middle East. Um An. He 0:11:46.160 --> 0:11:48.240 want to buy it for eighty dollars a barrel. Now, 0:11:48.280 --> 0:11:51.440 when Trump wanted to buy it, he was accused of 0:11:51.440 --> 0:11:55.400 of supporting big oil and how dare he support these 0:11:55.440 --> 0:11:59.280 big monopolies? Um? But now that was the twenty bucks. 0:12:00.200 --> 0:12:02.800 Biden wants to bide eighty bucks and instead give it 0:12:02.840 --> 0:12:07.240 to Saudi Arabia, who uh you know they're giving diplomatic 0:12:07.240 --> 0:12:11.720 community to killing a Washington Post reporter and uh all 0:12:11.760 --> 0:12:14.760 the other human crisis situations they have going on over there. 0:12:14.760 --> 0:12:16.840 So we'll give it, you know, how dare we support 0:12:16.840 --> 0:12:19.040 American business? The twenty bucks. Let's give it to OPEC 0:12:19.320 --> 0:12:21.439 Middle East the eighty bucks. Anyway, that's a whole different story. 0:12:21.640 --> 0:12:24.720 So anyway, Biden said, hey, you know, we brought these 0:12:24.760 --> 0:12:28.080 prices down. I did this. I took credit. Well, if 0:12:28.080 --> 0:12:29.960 he took credit for bringing it down, does he take 0:12:29.960 --> 0:12:33.120 credit for it going back up again and breaking the record. 0:12:33.160 --> 0:12:35.200 I'd like to know the answer to that question. Of 0:12:35.240 --> 0:12:39.679 course he won't. Of course he doesn't. And of course 0:12:39.880 --> 0:12:43.280 they have a story or I should say an excuse. 0:12:43.720 --> 0:12:46.959 I might even say a lie to cover it up. 0:12:47.240 --> 0:12:51.120 So as we always see the new White House Press secretary, 0:12:51.240 --> 0:12:56.800 UM who I am not a fan of Um. I 0:12:56.840 --> 0:12:59.439 was not a fan of the previous one. Jen Saki 0:13:00.040 --> 0:13:02.640 remember her. I'll circle back, I'll circle back. Oh yeah, 0:13:02.640 --> 0:13:04.640 I'll check that. I'll circle back, I'll circle back. She 0:13:04.720 --> 0:13:06.720 never had an answer for anybody. It was always all 0:13:06.720 --> 0:13:09.240 circle back, I'll circle back. She never had an answer 0:13:09.480 --> 0:13:12.360 compared to who was there before her, which was Trump's 0:13:12.400 --> 0:13:16.760 Press secretary, UM who was so sharp. I mean she 0:13:16.840 --> 0:13:20.080 had an answer for every single question. And if you 0:13:20.080 --> 0:13:22.320 remember doing the Trump administration, I mean in the in 0:13:22.360 --> 0:13:24.800 the in the press briefings, they would just get hammered 0:13:24.800 --> 0:13:26.360 with questions and she would just stand there and just 0:13:26.440 --> 0:13:28.680 handle everyone. Then jan Zachie came in and was like, 0:13:28.720 --> 0:13:30.880 I'll circle back. I'll circle back, I'll circle back. I 0:13:30.920 --> 0:13:33.600 never have information. Now we have Karrenan Jean Pierre, and 0:13:33.640 --> 0:13:37.960 she just straight lies. Um, maybe she doesn't lie. Maybe 0:13:37.960 --> 0:13:39.920 she's just reading the talking point they gave her. Maybe 0:13:40.200 --> 0:13:41.920 she doesn't know she's lying. Maybe we'll give her the 0:13:41.960 --> 0:13:44.480 benetth of the doubt. So she says, in regards to 0:13:45.000 --> 0:13:47.920 um the situation that's going on, she says, quote, it's 0:13:48.000 --> 0:13:52.480 clear that OPEC is aligning with Russia. It's Russia. It's 0:13:52.480 --> 0:13:57.240 all Russia's fault. It's clear OPEC aligning with Russia with 0:13:57.320 --> 0:14:01.320 today's announcement. We're dealing with a time where the global 0:14:01.360 --> 0:14:06.000 economy is responding to Putin's war. So by making this decision, 0:14:06.000 --> 0:14:07.679 it's going to have an effect on low and middle 0:14:07.760 --> 0:14:14.439 economic income countries. She said, Is that true? So we're 0:14:14.480 --> 0:14:15.839 gonna dig into this. I want to break this down 0:14:15.840 --> 0:14:16.880 for you a little bit. I want to show you 0:14:16.960 --> 0:14:19.360 what the Feds do into your retirement account and how 0:14:19.400 --> 0:14:21.240 this has something to do with oil. This is the 0:14:21.280 --> 0:14:25.920 battle of m hmm. Maybe not quite the battle of 0:14:25.960 --> 0:14:28.720 our lifetime, but it might be the biggest battle that 0:14:28.840 --> 0:14:31.440 we've seen. Probably there's bigger ones ahead of us, but 0:14:31.440 --> 0:14:33.320 this might be the biggest one we've seen. So um, 0:14:33.360 --> 0:14:36.240 it's clear it's OPEC. OPEC is doing it. What's OPEC 0:14:36.320 --> 0:14:39.560 doing I'm gonna talk about that in a second, But 0:14:39.720 --> 0:14:43.480 is it really? Is it really Opec? So? Um? Well, okay, 0:14:43.560 --> 0:14:46.440 let's talk about OPEC. So OPEC just announced that they 0:14:46.440 --> 0:14:51.200 are going to cut production. Look, this is super simple, 0:14:51.360 --> 0:14:56.640 super super super simple. Okay. Price is a h outcome 0:14:56.800 --> 0:15:00.880 of supply and demand. If I have more supply than 0:15:00.920 --> 0:15:03.640 I have demand for, then prices come down. If I 0:15:03.640 --> 0:15:06.440 have more demand than I have supply for it, prices 0:15:06.480 --> 0:15:09.520 go up. Super super simple. Look, an elementary kid can 0:15:09.600 --> 0:15:13.920 understand this. So if the demand for oil stays the 0:15:14.000 --> 0:15:19.400 same and we cut the supply, what happens, Oh yeah, 0:15:19.440 --> 0:15:22.520 the price goes up. If we increased supply, what happens? 0:15:22.600 --> 0:15:25.440 Oh yeah, price would go down? Super super simple. Right. 0:15:25.960 --> 0:15:29.600 So Biden and the Biden administration has been manipulating the 0:15:29.640 --> 0:15:35.000 oil markets by dumping the spr reserves and on top 0:15:35.040 --> 0:15:38.480 of that, through the futures market, and this, uh, what 0:15:38.640 --> 0:15:45.360 Putin's deemed the the economy of imaginary wealth. He's talking 0:15:45.360 --> 0:15:48.280 about the Fiat money system, Wall Street, all these derivatives, 0:15:48.280 --> 0:15:51.680 finance with the rivers, futures, contracts, and so um OPEC 0:15:51.800 --> 0:15:55.800 is saying, look, you guys are completely manipulating the market. Um, 0:15:55.840 --> 0:16:00.760 the market is completely separated from reality. In by dumping 0:16:00.760 --> 0:16:02.960 these reserves, by doing all this financial manipulation, you guys 0:16:02.960 --> 0:16:05.680 are messing with things. And so OPEC said, we're going 0:16:05.760 --> 0:16:08.880 to cut oil production by two million barrels per day 0:16:09.040 --> 0:16:11.280 to shore up the prices. What does that mean? To 0:16:11.440 --> 0:16:15.240 shore up the prices? To keep the prices up, That's 0:16:15.240 --> 0:16:17.520 what it means, shored up by keeping them up, So 0:16:17.560 --> 0:16:21.480 OPEC wants to keep the prices of oil up. So, Um, 0:16:21.520 --> 0:16:25.200 that's the problem. Gas prices go up, that's the problem. 0:16:25.280 --> 0:16:28.480 So what would be a better way to counter that? 0:16:30.240 --> 0:16:32.440 Maybe create more oil that might be a way to 0:16:32.520 --> 0:16:34.320 counter But no, no, no, no, that would be too simple. 0:16:34.320 --> 0:16:37.160 As a matter of fact. Um, just this week on 0:16:37.320 --> 0:16:43.360 October six, by the Biden administration wigs whether to shrink 0:16:43.560 --> 0:16:47.440 offshore drilling leases again, let's just cut more leases, Let's 0:16:47.440 --> 0:16:50.920 just cut more production. So at a time when press 0:16:50.920 --> 0:16:56.800 secretary says, quote OPEX aligning with Russia. Um, the economy 0:16:56.880 --> 0:17:00.120 is responding to Putin's war. So because OPEC wants to 0:17:00.240 --> 0:17:04.000 cut production, then that's an attack there. Now they're aligned 0:17:04.000 --> 0:17:06.919 with Russia, and instead of US trying to sank to 0:17:07.040 --> 0:17:10.360 counter that, we're going to cut more production. So are 0:17:10.400 --> 0:17:13.600 we also agents for Putin? If OPEC is going to 0:17:13.680 --> 0:17:17.440 drop production and that's aligned with with Russia, then if 0:17:17.480 --> 0:17:20.440 the US reduces production, does that mean the US is 0:17:20.440 --> 0:17:23.200 also a line of Russia against the US people. I mean, 0:17:23.240 --> 0:17:26.000 that's how logic would paint that. I'm certainly not saying that, 0:17:26.040 --> 0:17:29.840 but what she's saying makes it sound like that. Now, 0:17:30.960 --> 0:17:33.960 on top of that, we saw some other big news. 0:17:35.240 --> 0:17:39.720 The Biden administration issues the fewest oil and gas drilling 0:17:39.920 --> 0:17:45.520 leases since nineteen forties. Since so we've seen the fewest 0:17:45.560 --> 0:17:49.280 amount of new drilling leases since the nineteen forties. So again, 0:17:50.720 --> 0:17:55.840 if if OPEX reducing production and the US is reducing production, 0:17:55.920 --> 0:17:58.080 what does that mean? Anyway, I'm gonna talk more about this. 0:17:58.119 --> 0:17:59.600 I'm gonna talk more about how this is going to 0:17:59.640 --> 0:18:01.719 break up the world and more specfically, the attack on 0:18:01.720 --> 0:18:04.640 your retirement account and your wealth your real estate as well. 0:18:04.760 --> 0:18:06.080 I'll be back with that in moren a minute. You're 0:18:06.040 --> 0:18:08.240 listening to the markmas Show. Don't go away, I'll be 0:18:08.320 --> 0:18:10.560 right back. All right, welcome back. You are listening to 0:18:10.600 --> 0:18:13.040 the Mark Moa Show. We're talking about something that's hitting 0:18:13.080 --> 0:18:16.640 you in your pocketbook today as prices have broken their 0:18:16.840 --> 0:18:19.800 all time record set in June. But I'm breaking it 0:18:19.840 --> 0:18:21.520 down to what's happening. And of course we're drawing that 0:18:21.640 --> 0:18:23.800 all the way back to my thesis of the world 0:18:23.840 --> 0:18:26.080 breaking apart, moving into a decentralized world. So we'll talk 0:18:26.080 --> 0:18:27.679 about that, and I want to talk about how it 0:18:27.720 --> 0:18:30.320 affects not just how much you put not not not 0:18:30.560 --> 0:18:31.879 just how much it costs you to fill up your 0:18:31.880 --> 0:18:34.000 car to go to get a car to go to work, 0:18:34.560 --> 0:18:37.760 but what it what the real effect is on your wealth. 0:18:38.680 --> 0:18:40.639 And I don't just mean how much stake you can buy. 0:18:40.720 --> 0:18:43.840 I'm talking about your retirement account. I'm talking about your 0:18:44.200 --> 0:18:46.399 real estate, your house, I'm talking about all that. So 0:18:46.560 --> 0:18:47.960 this goes deep, but we have to kind of set 0:18:47.960 --> 0:18:49.080 it up and we'll build it up to it. So 0:18:49.880 --> 0:18:53.879 um Per, the White House Press Secretary um OPEC is 0:18:53.880 --> 0:18:58.600 aligning with Russia because they're cutting production. They're cutting production 0:18:58.600 --> 0:19:00.640 because they want their price to stay high. Look, if 0:19:00.640 --> 0:19:02.680 you sell a product, you want to sell it for 0:19:02.720 --> 0:19:06.600 a certain price, right, and if you overflood the market, 0:19:06.640 --> 0:19:08.679 you're gonna bring the price down. So why would you 0:19:08.720 --> 0:19:12.600 do that? Right? If it costs me, you know, a 0:19:12.640 --> 0:19:15.200 certain x amount of dollars to create this product, and 0:19:15.240 --> 0:19:18.160 I want to have a certain amount of profit, Um, 0:19:18.200 --> 0:19:19.840 and I have to give up. So in in their 0:19:19.880 --> 0:19:22.320 in their case, Um, they have oil in the ground. Um, 0:19:22.359 --> 0:19:25.360 there's a cost to get that oil out of the ground. Um. 0:19:25.520 --> 0:19:27.200 Why and then they want to make a certain amount 0:19:27.200 --> 0:19:28.800 of profit, so they want to sell it for whatever 0:19:28.880 --> 0:19:33.000 hunter bucks of barrel. Okay, why would they give the 0:19:33.080 --> 0:19:36.280 market more supply than it needs to bring the price 0:19:36.359 --> 0:19:38.480 down to fifty six bucks or whatever it may be. 0:19:39.480 --> 0:19:42.360 Why wouldn't they just keep the oil in the ground 0:19:42.880 --> 0:19:45.720 and just sell it a little slowly and keep that price, 0:19:45.760 --> 0:19:49.480 Which is exactly what they're doing now For the Press secretary, Um, 0:19:49.520 --> 0:19:52.520 they're aligning with Russia. That's an attack on Putin's war. 0:19:52.920 --> 0:19:54.560 That's not making the case. Well, then the US is 0:19:54.600 --> 0:19:57.440 also attacking. They're also aligned with Russia. Because the US 0:19:57.520 --> 0:19:59.840 is doing the same thing, as I made the case. 0:20:00.080 --> 0:20:02.359 This week, anounce announced I came about the Biden administration 0:20:02.359 --> 0:20:05.359 ways whether to shrink the offshore drilling leases. So they 0:20:05.359 --> 0:20:07.960 want to shrink more leases, let's get less oil out 0:20:07.960 --> 0:20:09.760 of the ground. That's this week, that's what they're talking about. 0:20:10.119 --> 0:20:13.480 On top of that, Uh, since the Biden administration issued 0:20:13.480 --> 0:20:18.679 the fewest oil and gas drilling leases since, restricting US 0:20:18.920 --> 0:20:24.200 companies from bringing more oil to the market. Sort of 0:20:24.240 --> 0:20:28.400 like what OPEC is doing the same thing. So you're 0:20:28.440 --> 0:20:31.520 being gas lit, you're being lied to. It's a form 0:20:31.560 --> 0:20:37.159 of psychological torture warfare against you. You don't understand the situation. 0:20:37.359 --> 0:20:39.560 You don't understand how big this really is. So let's 0:20:39.600 --> 0:20:42.800 keep going, all right. So, as I said, OPEC decided 0:20:42.840 --> 0:20:44.560 to cut production by two million barrels. That's kind of 0:20:44.560 --> 0:20:48.280 what triggered this. UM. And of course why wouldn't they 0:20:48.400 --> 0:20:51.040